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Thursday, June 25, 2009
Ind. Decisions - "Supreme Court rules against NIPSCO: U.S. Steel disputed the way the utility calculated electric rates"
A state Supreme Court ruling will save U.S. Steel a bundle on its electric bill.
The high court Tuesday ruled in the steelmaker's favor in a dispute [where] U.S. Steel disputed how NIPSCO calculated the rates for electricity usage under terms of the contract, touching off a 10-year-long courtroom debate over terminology such as kilowatts, kilowatt hours, "energy rates" and "usage rates" and elaborate mathematical formulae
U.S. Steel attorney Jack Wickes declined to comment on how much money hinged on the different definitions -- "it was enough money to take the case from the (Indiana Utility Regulatory Commission) to the Supreme Court"-- but said his client was pleased with the ruling.
"We're very happy with it," he said Wednesday from his office in Indianapolis.
The court's ruling upheld a 1999 ruling by the state Utility Regulatory Commission and lower court decisions.
Posted by Marcia Oddi on June 25, 2009 09:42 AM
Posted to Ind. Sup.Ct. Decisions